How is a work of art valued?

How do valuers arrive as prices for artworks? We demystify the process with an expert.

21 Apr 2015 12:00

Gina Fairley

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Visual Arts

While we can argue about constitutes “good” or “bad” art, how the value of an artwork is ascertained is serious business.

Commercial galleries and auction houses establish a price point for an artist, but they are just part of a complex calculation that establishes a fair value of an artist’s work.

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Gina Fairley is ArtsHub's National Visual Arts Editor. For a decade she worked as a freelance writer and curator across Southeast Asia and was previously the Regional Contributing Editor for Hong Kong based magazines Asian Art News and World Sculpture News. Prior to writing she worked as an arts manager in America and Australia for 14 years, including the regional gallery, biennale and commercial sectors. She is based in Mittagong, regional NSW. Twitter: @ginafairley Instagram: fairleygina